Lord Abbett Funds Mix Up Share Fees, SEC to Approve
Published Date: 8/1/2025
Notice
Summary
Lord Abbett Private Credit Fund and its partners want permission to offer different types of shares with various fees and sales charges to investors. This change affects certain investment companies and could give investors more choices on how they invest and pay fees. If no one asks for a hearing by August 25, 2025, the SEC will approve this plan.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
BDCs May Offer Multiple Share Classes
Lord Abbett asked the SEC for permission under Section 6(c) of the Investment Company Act to let certain registered closed-end funds that elected to be regulated as business development companies (BDCs) issue multiple classes of shares with different sales loads and asset-based distribution and/or service fees. The application was filed May 23, 2025 and amended June 27, 2025. If no hearing is requested by August 25, 2025, the SEC will issue the requested order.
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